Fed Sticks to 'Patient' Tack on Rate Increases--3rd Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Jon Hilsenrath The Federal Reserve signaled it would keep short-term interest rates near zero at least until midyear, while also setting the stage for tough decisions in the coming weeks about whether it should wait even longer. Economic activity ...

China Shares Lead Asian Markets Lower

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

Chinese stocks fell the most in Asia on Thursday in response to fresh worries over restrictions on lending by local brokerages, while the rest of the region reacted to expectations that the U.S. Federal Reserve will remain patient in raising ...

Thailand's December Industrial Production Weakens at Slower Pace

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's industrial production continued to weaken in December, albeit at a much slower rate, partly due to an increase in exports of industrial goods, according to the monthly report from the Industry Ministry. Thailand's December manufacturing production ...

German Unemployment Fell in January

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Emese Bartha FRANKFURT--German unemployment fell in January in line with expectations, the country's labor office said Thursday, suggesting that consumer spending should bolster activity in Europe's largest economy. The number of unemployed fell by 9,000 in January after seasonal ...

China PBOC to Inject Net $8.8 Billion This Week

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

SHANGHAI--China's central bank is injecting 55 billion yuan ($8.8 billion) into the banking system this week to meet rising cash demand ahead of the Lunar New Year holiday. The People's Bank of China is offering CNY45 billion of 28-day reverse ...

German Unemployment Hits Lowest Level Since Reunification -- Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Emese Bartha and Paul Hannon German unemployment fell to its lowest rate since reunification more than two decades ago, the country's labor office said on Thursday, suggesting Europe's largest economy is well placed to benefit from lower oil prices ...

Ukraine Foreign Minister Warns of New Spiral of Violence

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Naftali Bendavid BRUSSELS--The violence in Ukraine risks spiraling further, the country's foreign minister said Thursday, as European Union foreign ministers meeting in Brussels appeared unlikely to impose broad new sanctions on Russia. The meeting takes place against the backdrop ...

Brazil Unemployment Rate Falls Sharply in December

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

RIO DE JANEIRO--Brazil's official unemployment rate posted a sharp decline in December and tied the lowest number on record, thanks to temporary hiring for the holidays. Joblessness in six major metropolitan areas fell to 4.3% in the final month of ...

ECB's Praet Upbeat on Money and Credit

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Todd Buell LUXEMBOURG--European Central Bank Executive Board member Peter Praet took an upbeat view toward recent economic data, saying that new numbers on credit and money supply represented "encouraging signs" and he saw things improving for the eurozone economy. ...

Dollar Rises Against Euro on Fed Minutes

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By James Ramage The dollar strengthened against the euro on Wednesday after the Federal Reserve's policy-making committee signaled it would keep interest rates near zero at least until June. The Federal Open Market Committee reiterated its pledge to take a ...

GOP Split on Obama Request for More Defense Spending--Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson and Julian E. Barnes WASHINGTON--President Barack Obama will send Congress a fiscal year 2016 budget next week proposing both military and domestic spending at levels surpassing the limits lawmakers agreed to in a hard-fought 2011 deal. After ...

Singapore Homeowners Could Face Higher Mortgages

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Jake Maxwell Watts A sharp jump in Singapore's money market rates is threatening to make mortgages more expensive, a potential drag on an economy that is already suffering from a severe slowdown and a property price slump. The benchmark ...

Crude-Oil Futures Volatile -- Update

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Georgi Kantchev LONDON--Oil futures were volatile on Thursday with U.S. oil prices hovering near six-year lows as the global oil glut that has pummeled prices since midsummer showed no signs of abating. The U.S. reported record high oil supplies ...

Aussie Dollar Hit by Rate Cut Talk

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

SYDNEY--The Australian dollar fell to a 5.5-year low Thursday amid growing speculation the country's central bank would cut interest rates in coming months. A rate cut by the Reserve Bank of Australia would see the central bank join a growing ...

China to Crack Down on E-commerce Fakes

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

BEIJING--China's Ministry of Commerce said Thursday it would step up its efforts to prevent the sale of counterfeit goods through the country's burgeoning e-commerce market. "The sale of fake goods at some online stores is rampant," ministry spokesman Shen Danyang ...

German Unemployment Fell

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

FRANKFURT--German unemployment fell in January in line with expectations, the country's labor office said Thursday, suggesting that consumer spending should bolster activity in Europe's largest economy. The number of unemployed fell by 9,000 in January after seasonal variations in the ...

German Consumer Prices Decline Sharply

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

FRANKFURT--German consumer prices slid deep into negative territory in January on an annual basis for the first time in more than five years, underlying the need for the European Central Bank's fresh stimulus package, set to go into effect in ...

Abbott Laboratories Profit Grows 54%

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Tess Stynes Abbott Laboratories said its fourth-quarter earnings soared as the company posted stronger revenue in its nutrition and diagnostics businesses, although currency fluctuations weighed on sales growth. Abbott has been realigning its business in a series of deals. ...

GOP Split Over Expected Obama Request for More Defense Outlays

TODAY: Jan. 29, 2015 PUB DATE: Jan. 29, 2015

By Kristina Peterson And Julian E. Barnes WASHINGTON--When President Barack Obama sends his fiscal year 2016 budget to Congress next week, Republicans are likely to reject much of it as too much government spending. But the party is torn over ...